U.S. Housing Inventory and Prices

June 28th, 2017|Comments Off on U.S. Housing Inventory and Prices

Housing inventory of existing homes was 4.2 months’ supply in May. It was 4.6 months for new houses. This is a low number by historic standards. Low supply coupled with low interest rates results in [...]

Currency Report

June 27th, 2017|Comments Off on Currency Report

The US dollar (USD) has declined in value against the seventeen steel trading nations that we track. Of these 17, 12 have gained against the dollar over the past three months, 10 over the past [...]

Chicago Fed National Activity Index

June 26th, 2017|Comments Off on Chicago Fed National Activity Index

After surging to its highest level since November 2014, the CFNAI fell back -0.26 in May. Despite the roll-back, the three month moving average (3MMA), remained positive (0.04). Only one of the four sub-indexes that make [...]

Oil and Gas Rotary Rig Counts

June 21st, 2017|Comments Off on Oil and Gas Rotary Rig Counts

The total number of operating rigs in the US the week ending June 16th was 933, 747 oil and 186 gas. Month on month oil rigs were up 27 or 0.8% and gas rigs were [...]

Consumer Credit

June 8th, 2017|Comments Off on Consumer Credit

Total consumer credit increased by $8.20 billion (B), in April down substantially from March’s $19.54B and far below analyst’s expectations. Both revolving and installment credit fell month on month, (m/m). The 3 month moving average [...]

Continuous Unemployment Claims

June 8th, 2017|Comments Off on Continuous Unemployment Claims

New data from the Bureau of Labor Statistics (BLS), shows that continuous claims for unemployment benefits fell by 21,000 for the week ending May 6th, this on the heels of the previous weeks 59,000 decline. [...]